Customs Rule 7: Invalid PVC Sheeting Valuation Due to Lack of Evidence on Imported Goods Market Survey. https://www.taxtmi.com/highlights?id=69797 Valuation of imported goods - PVC sheeting - rejection of declared value - rule 7 of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 requires adoption of the value of identical or similar imported goods sold in India as the base for computation of unit price. There is nothing on record to evidence that the market survey was confined, unarguably, to imported goods without which the re-determination thereof fails the test of law. - AT en-us Wed, 17 May 2023 14:11:57 +0530 Wed, 17 May 2023 14:11:57 +0530 TaxTMI RSS Generator Customs Rule 7: Invalid PVC Sheeting Valuation Due to Lack of Evidence on Imported Goods Market Survey. https://www.taxtmi.com/highlights?id=69797 Valuation of imported goods - PVC sheeting - rejection of declared value - rule 7 of Customs Valuation (Determination of Value of Imported Goods) Rules, 2007 requires adoption of the value of identical or similar imported goods sold in India as the base for computation of unit price. There is nothing on record to evidence that the market survey was confined, unarguably, to imported goods without which the re-determination thereof fails the test of law. - AT Highlights Customs Wed, 17 May 2023 14:11:57 +0530 https://www.taxtmi.com/highlights?id=69797